The Palmyra tree is revered by both Hindus and Buddhist, as most of their ancient religious texts are preserved on the palm leaves. On auspicious occasions, knotted young palm leaves or thoranams are used to adorn entrances at home and temples to signify good fortune.
The Paanai tree is the sthalavriksha at the Shiva temple at Tirupannaiyur, Tamil Nadu. The presiding deity here is Soundaryanathar, also known as Taalavaneshwarar. The palm tree is also associated with certain folk deities or guardians. The Panaiveriyamman or Taalavashini is one such deity named and associated with the palm tree.